$BTC Stripe, the leading company in digital payment services, announced the launch of a new feature dedicated to fund management using stablecoins denominated in dollars, following the acquisition of the Bridge stablecoin platform in a deal valued at $1.1 billion, the largest of its kind in the cryptocurrency sector to date.
The new feature, called financial stablecoin accounts, allows businesses in 101 countries to hold balances in dollar-backed stablecoins, receive funds from cryptocurrency and traditional platforms, as well as send stablecoins to global destinations.
Stripe explained that these accounts enable entrepreneurs, especially in countries facing fluctuations in exchange rates, to protect themselves against inflation and enhance their integration into the global economy.
It added that many of the world's leading companies rely on them to formulate stablecoin management strategies.
The product in its first phase supports two stablecoins: USDC and USDB issued by the Bridge platform, with future plans to expand the list of supported cryptocurrencies.
In addition to this initiative, Stripe revealed that it is developing a basic payment model supported by artificial intelligence technologies, which it describes as the first of its kind in the world.